The eligibility criteria for the fifth SEISS grant have been further tightened. Claimants are being contacted now, by HMRC, by email or letter, setting out when a claim can be made. Applications for this grant open late July and close…
Business owners can now apply for ongoing access to financial support as they recover and grow following the coronavirus pandemic. The scheme can be used for any legitimate business purpose, including managing cashflow, investment and growth. It is designed to…
We are aware that a number of people have recently received either a telephone call or e-mail purporting to originate from HMRC advising that their National Insurance Account has been compromised. HMRC have issued assurances that these are scams and…
In the latest Budget, the Government announced details of who can claim the fourth SEISS grant and the level that claims can will be paid out at. Some significant changes have been introduced for the fourth grant, please take a…
The Coronavirus Business Interruption Loan Scheme (CBILS) set to close for applications at the end of March 2021. If you intend to make an application for a CBILS loan you must ensure that your Bank / chosen financier has lodged…
After several delays, the Government has now formally announced that the domestic reverse charge rules for the building and construction industry will be introduced effective from the 1st March 2021. You are recommended to read this synopsis and to use…
This week, the Chancellor announced extensions to a number of current COVID-19 schemes, alongside additional support for individuals and businesses, as the UK continues to navigate the impact of the pandemic. We have sought to summarise some of the immediate key measures…
HMRC announced this week (on Friday 19th February 2021) that Self Assessment customers will not be charged the initial 5% late payment penalty if you pay your tax or make a Time to Pay arrangement by 1 April 2021. So…
HMRC have announced the launch date for their new VAT deferral payment scheme. We detail below how to make use of the scheme and the other options that you currently have to settle the liability. What Are My Options?…
HMRC has announced today that there will be no penalties for filing the 2019-20 Self Assessment Tax Return late, so long as they are filed online by 28 February. You will still need to pay your Self Assessment tax bill…